FPCCI FEARS CPFTA-II MAY NOT BENEFIT PAKISTAN

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Monday expressed fears that Pakistan might not be able to take advantage of opportunities under Phase II of China Pakistan Free Trade Agreement (CPFTA-II) due to shortage of surplus quantities of exportable goods.FPCCI President Mian Anjum Nisar said despite elimination of duties on 313 tariff lines covering most of Pakistan’s exports under CPFTA-II, Pakistan might...

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China: China , officially the People's Republic of China , is a sovereign state located in East Asia. It is the world's most populous country, with a population of over 1.35billion. The PRC is a single-party state governed by the Communist Party, with its seat of government in the capital city of Beijing.[
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Pakistan: Pakistan ), officially the Islamic Republic of Pakistan , is a sovereign country in South Asia. With a population exceeding 180 million people, it is the sixth most populous country and with an area covering 796,095 km2 , it is the 36th largest country in the world in terms of area. Located at the c
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Free Trade: Free trade is a policy by which a government does not discriminate against imports or interfere with exports by applying tariffs or subsidies or quotas. According to the law of comparative advantage, the policy permits trading partners mutual gains from trade of goods and services.
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